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  1. Robert Morse

    Cross trade question: place sell order while buy order is pending

    There is no rule preventing you from entering a buy and sell short order at the same time as long as the prices don't cross and the Sell short order does not require a locate.
  2. Robert Morse

    Margin on options arb/conversion

    We offer small retail accounts too. That promotion just requires funding of $25,000.
  3. Robert Morse

    Margin on options arb/conversion

    This promotion was so popular last month, we extended it until the end of this month. I do not think it will get extended again, if you want to give us a try. https://lightspeed.com/lp/lightpeed-trading-new-year-promo-2024
  4. Robert Morse

    Margin on options arb/conversion

    $175K to start and $150K maintenance.
  5. Robert Morse

    Margin on options arb/conversion

    The OCC only does this math after the close based on the closing prices. So yes, if the stock is $5 or $16, the requirement would change. Our Risk/margin system estimates EOD values. REG-T is static. PM is not.
  6. Robert Morse

    Margin on options arb/conversion

    PM requires more money, higher financials, and more experience. Further information can be found on these websites: https://www.theocc.com/risk-management/customer-portfolio-margin https://www.finra.org/rules-guidance/key-topics/portfolio-margin/faq
  7. Robert Morse

    Margin on options arb/conversion

    Max loss based on $13.80 is $130. I do not make up the PM numbers. And, Reg-T margin depending on how your broker pairs off the trade will be higher. Reg-T is not risk based. My system estimates REG-T margin at $399. That might not match your broker. It could be more.
  8. Robert Morse

    Margin on options arb/conversion

    BTW, I do not put in prices, the risk tool gets a live feed. The only input is what you see above.
  9. Robert Morse

    Margin on options arb/conversion

    PM value $75, House value $90
  10. Robert Morse

    Margin on options arb/conversion

    I need real Stock symbols, real strikes, real expirations and expected size of each to run anything. I can't make up options. By the way, the other information is not relevant. If you provide a real life example, I will run it without the other stuff. E.G. +100 AAPL, + 2 AAPL Jan 19, 2024 puts...
  11. Robert Morse

    Does IBKR require personal guarantee trading under LLC?

    A single member LLC for tax purposes is a disregarded entity. As long as you have a proper operating agreement to release you from liability, you would have protection at arbitration with an LLC. No protection is 100%. Individual account has no protection. Expect that if you go negative, the...
  12. Robert Morse

    I had no idea this comment was here. I do not look at my profile. Please email me directly any...

    I had no idea this comment was here. I do not look at my profile. Please email me directly any questions - rmorse@lightspeed.com
  13. Robert Morse

    I had no idea this comment was here. I do not look at my profile. Please email me directly any...

    I had no idea this comment was here. I do not look at my profile. Please email me directly any questions - rmorse@lightspeed.com
  14. Robert Morse

    I had no idea this comment was here. I do not look at my profile. Please email me directly any...

    I had no idea this comment was here. I do not look at my profile. Please email me directly any questions - rmorse@lightspeed.com
  15. Robert Morse

    I had no idea this comment was here. I do not look at my profile. Please email me directly next...

    I had no idea this comment was here. I do not look at my profile. Please email me directly next time. You need a PMA for more leverage.
  16. Robert Morse

    Yes, we can offer accounts to those from India-Yes we can.

    Yes, we can offer accounts to those from India-Yes we can.
  17. Robert Morse

    I had no idea this comment was here. I do not look at my profile. Please email me directly next...

    I had no idea this comment was here. I do not look at my profile. Please email me directly next time.
  18. Robert Morse

    Margin on options arb/conversion

    Portfolio Margin Accounts (PMA) are risk based and the OCC shocks the stock + options in each symbol to see the max loss over that shock. As an example, AAPL stock and all the AAPL options. What would you lose if the stock were to move 15% up or down. That loss is the OCC margin requirements...
  19. Robert Morse

    Margin on options arb/conversion

    That is not a factor in the margin required in a PMA.
  20. Robert Morse

    Margin on options arb/conversion

    Is DTE Days to expiration?
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